GlobalData offers a comprehensive analysis of Tencent, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Tencent‘s ESG performance. GlobalData’s company profile on Tencent offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Tencent, a leading Chinese technology company, is committed to reducing its GHG emissions as part of its sustainability efforts. The company aims for carbon neutrality in operations and supply chain by 2030, targeting a 70% reduction in absolute Scope 1 and 2 emissions and a 30% reduction in absolute Scope 3 emissions based on a 2021 baseline. With a commitment to 100% renewable electricity, these goals reflect a comprehensive approach to minimizing environmental impact and achieving sustainability by 2030.

In 2022, the company reused 2,740.6 tonnes of electronic equipment, thereby preventing the generation of additional electronic waste. The company's data centers surpassed an installed capacity of 19.6 MW in renewable energy. In 2022, Tencent reported a total of 5,739,723.7 tCO2e in greenhouse gas (GHG) emissions. The GHG emissions per unit of revenue (tCO2e/RMB million) stood at 10.4. The breakdown of emissions includes Scope 1 emissions at 172,137.9 tCO2e, Scope 2 emissions at 2,650,073.3 tCO2e, and Scope 3 emissions at 2,917,512.5 tCO2e.

Tencent is proactively addressing its environmental impact through strategic initiatives. The company has launched a Scope 3 emission reduction program, evaluating carbon reduction potential within procurement and downstream leases, and implementing mitigation measures. Committed to providing digital low-carbon transition solutions, Tencent aims to minimize the carbon footprint of its products and services. The company explores carbon trading mechanisms, implements emission reduction policies, and prioritizes renewable energy use, showcasing a holistic approach to sustainability.

Tencent acknowledges the significance of addressing climate change and is actively contributing to low-carbon development. The company is making strategic investments in energy-saving technologies to decrease its energy consumption. As part of its comprehensive ESG (Environmental, Social, and Governance) strategy, Tencent has established an ESG governance structure and a dedicated working group to assess materiality. The integration of ESG concepts into the corporate culture includes a specific focus on climate change. The company recognizes associated risks and opportunities, implementing measures to address them in alignment with its commitment to sustainable practices.

In conclusion, Tencent is actively working towards reducing its carbon and greenhouse gas (GHG) emissions, with a goal of achieving carbon neutrality in both its operations and supply chain by 2030. The company has implemented various measures, such as offering low-carbon solutions to customers, incorporating renewable energy, and enhancing energy efficiency. These initiatives are in line with Tencent's broader Environmental, Social, and Governance (ESG) strategy, emphasizing its commitment to sustainability and responsible business practices.

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